All Forum Posts by: Chris Salerno

I'm getting ready to buy my first rental property within the next 2-3 months . I have 13k saved up and I intend to use an FHA loan.

The multi family properties in my area are about 300,000+ for a 2/1 duplex . I found a realtor and he advised that it would not be safe to get a multi family just yet . He said having only 13k would be spreading myself too thin because things could break right after I buy and it could be difficult if both stoves broke for example .

He advised that I should start off with a condo that was 115,000 in a 55+ community , which I could rent for 1600 and get a feel of land -lording . If something broke , it would not be as expensive versus if something broke in both units of a duplex . He thinks I should get a few properties under my built before I buy a multi family .

My original dream and strategy was to get a multi family as my first investment . But I also am aware that if a strategy can’t work for the moment , another strategy can . I feel a little unsure on what step to take . What do you guys think ?

Thanks for all the advice in advance .

Hey everyone,

Im trying to gather information about my city to see which areas are heavily single family houses vs multi family houses. Other than just paying attention to the zoning regulations, Is anyone aware of a tool that will help identify the percentage of each in a given area?

I'm located in Pittsburgh, PA.

Thanks in advance!

Hi Everyone!

Long time lurker, first time posting.

I’m 29 and my wife and I have a household income of around 200k. Our plan is to pay off our student loans then save up for an investment property. Currently the plan is to save 100k/year with the intent of purchasing an apartment building in approximately 10 years. I am undecided if this will be through a syndication or if I would want to purchase the property outright. Either way I need experience in RE before executing such a large deal, so I want to start dipping my feet into real estate during the 10-year interim and learn as much as possible.

My question is what are some RE investment opportunities that will 1) provide experience that will be beneficial towards my goal of owning an apartment complex, and 2) keep my investment liquid enough to cash out when the time comes for the big purchase.

As I currently have zero real world real estate experience, I figure just about any area would benefit me, however I would imagine there are other avenues besides S/MFH. I would like to find something with modest risk/reward as not losing my cash is more important than a substantial ROI. I am in Western Montana.

I would love to hear advice any of you have to share - thank you for reading this!

Hello everyone, I'm looking for someone who is familiar with the following areas, Concord, Harrisburg, Midland, and Locust. My husband and I are looking to relocate to the area as soon as possible. We’re currently house hacking in our multi-family in the Fayetteville area, however, my husband was recently relocated to the Albemarle area for work. The commute is getting too long. We are looking to do a live-in flip, or another multi-family of the right size (sqft) in a decent area.

I am also a newly licensed agent, would love to hang my license with someone and learn more from them. Thanks in advance for your help :)

Hey everyone , I'm new to the forum and i've enjoyed the vast amount of education that Bigger Pockets has to offer . My question is , Im looking for 24-50 Unit Multi-family apartment complexes , the market is over priced and anything that comes up isnt even close to making a 15-22 % ROI . What should I do , save cash and Wait till the market stabilizes a little in a year or 2 ( hopefully ) or invest in a different department like retail commercial that may yield 8-10 % ROI ? I have multiple retail buildings and i have been wanting to invest in larger multi-family units for quite some time . Where should i look for deals , Off market ? Drive areas , look for address and write them ? Contact every Broker ? Loopnet ? I know the answer may be to do all of them but I run a few business and that is my main concern so i cant invest too much time from that and affect my primary income. Any Thoughts

I have what seems like a very simple question about Real Estate Syndication's that I am having a hard time finding an answer for.

If I was to invest $200,000 in a real estate syndication. After 2 years the syndication refinances the property and pays back my $200,000 investment. If the company continues to own the property and the property continues to receive a positive cash flow. Would I receive a percentage of that cash flow until the property is sold? 

I have what seems like a very simple question about Real Estate Syndication's that I am having a hard time finding an answer for.

If I was to invest $200,000 in a real estate syndication. After 2 years the syndication refinances the property and pays back my $200,000 investment. If the company continues to own the property and the property continues to receive a positive cash flow. Would I receive a percentage of that cash flow until the property is sold? 

Seems like pretty much all the syndications I've seen recently exit within a short number of years - I'm curious why they don't hold long term?

Hello

I’m looking for any recommendations or suggestions on value add apartment syndications out there. I know there are tons of people doing this but I’m looking for experienced proven success operators in this space. 7-8% monthly cash flow with 15% annualized over 5 year hold period is what I am looking for. I have some rental properties in Indianapolis but not generating the income that i can get from a syndications.

Thanks